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Swissblock Insights
Desperately Chasing the Market
Compass

Desperately Chasing the Market

Crypto Compass 8

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Swissblock Insights
Apr 05, 2023
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Swissblock Insights
Swissblock Insights
Desperately Chasing the Market
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  • Bitcoin is being compressed toward the upper range of the trading channel. However, candles are becoming thinner and thinner, when will the impending move materialize?

  • The question is whether the upward trend in RSI can extend and turn into bullish momentum. The risk of a pronounced drop is low (Bitcoin Risk Signal at 0), but a ~$2k pullback to catch liquidity feels like the next step.

  • What about ethereum? Will it print a 3 bullish flag?

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